Jan 16, 2013 4:00am EST
over demand concerns on the iphone 5. the australian market bucked the down trend with the defense of telecos and health care stocks lending support. the sensex in action trading down by .5%. back to you. >> all right. thanks for that. we'll take a break. >>> still will to come, hong kong selling out new plans to show up housing woes. >>> okay, let's bring you up to speed with stories. hong kong's chief executive has delivered his first policy speech outlining measures to cool property prices, reduce pollution, and improve welfare. he said it's necessary to curb speculative activities in the real estate sector given the persistent housing shortage. he said more land would be allowed for development and that 67,000 private units are slated to come on to the market in the next three to four years. joining us from hong kong, andrew yun g, chairman of international consultants. what's your assessment of the problem with chinese property? and how -- are they right to try these measures? >> i think that hong kong is now in the depth of a lot of contradictions, that being from premier wen
Jan 14, 2013 4:00am EST
, followed by aerospace and defense. companies like boeing, lockheed martin, call back in the third quarter, they came out with earnings for the fourth quarter saying they expected the end of the year to be rather slow. that's not so much of a surprise there. >> yeah. we just heard from daniel morris that he quite liked consumer discretionary. what do you think they're going to post? >> about 11.6%. i would getaway with what your last two guests said. although we have mixed data over the holiday season with mastercard coming out, calling it the weakest season since 2008. however, we ever strong same-store sales. tomorrow, we'll see how the holiday season fared when we get retail sales figures. but so far, analysts expect it to be the strongest sector. but, really, we're seeing the strength in house hold billables. that strength is expected to be up about 50% based on strength within the home builders. we're looking at companies like pulte group and lennar expecting triple digit year on year growth base odd a return in the housing sector. >> christine, good to see you. thanks for joining us.
Jan 15, 2013 4:00am EST
-- the same level of income. but i think that is clearly an alternative. it will start with the defensive sectors and gradually move on to the more -- let's say exotic sectors and the more volatile sectors. >> i just wonder, you know, from jpmorgan yesterday, which is actually aggressively underweight u.s. relative to japan as well as emerging asian markets. and it says the u.s. has been underperforming since last summer. with the debt ceiling looming, now, in fact, is the time to pair positions. so even if you like equities maybe longer term, you know, are there not reasons here to be a little bit more cautious? >> well, there is. i think contrary to 2012, which was really a year of buy and hold and it performed well in all asset classes, volatility on the fixed income, for example, was at historic lows, i think this year is definitely going to be different. and it will lead to have a very dynamic strategy. at this stage, we have 30% equity and it will go up gradually according to the economic cycle. one should not forget -- and i think that's the big mistake that the analyst made in the